DA Davidson Comments on FS Bancorp, Inc.’s Q2 2024 Earnings (NASDAQ:FSBW)

FS Bancorp, Inc. (NASDAQ:FSBW) – Stock analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of FS Bancorp in a report released on Wednesday, May 1st. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $1.00 per share for the quarter. The consensus estimate for FS Bancorp’s current full-year earnings is $4.27 per share.

Separately, StockNews.com cut FS Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday.

FS Bancorp Trading Up 1.0 %

Shares of NASDAQ:FSBW opened at $32.80 on Thursday. FS Bancorp has a 52-week low of $27.32 and a 52-week high of $38.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $256.17 million, a P/E ratio of 7.09 and a beta of 0.95. The company has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $33.13.

FS Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, May 8th. FS Bancorp’s dividend payout ratio is presently 22.71%.

Hedge Funds Weigh In On FS Bancorp

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of FS Bancorp during the 3rd quarter worth $46,000. SG Americas Securities LLC bought a new position in FS Bancorp in the 4th quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC increased its holdings in FS Bancorp by 5.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 7,862 shares of the bank’s stock valued at $232,000 after purchasing an additional 389 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of FS Bancorp by 45.2% in the fourth quarter. BNP Paribas Financial Markets now owns 10,120 shares of the bank’s stock worth $374,000 after acquiring an additional 3,152 shares during the period. Finally, Panagora Asset Management Inc. increased its position in shares of FS Bancorp by 69.7% during the third quarter. Panagora Asset Management Inc. now owns 14,902 shares of the bank’s stock worth $440,000 after buying an additional 6,121 shares during the period. Institutional investors own 63.88% of the company’s stock.

About FS Bancorp

FS Bancorp, Inc operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.